2023-03-13-accounts

Mrs Iris Noreen Setchell Charitable Trust	Mrs Iris Noreen Setchell Charitable Trust	1084274
Receipts andpayments accounts				CC16a
Period start date For the period from 14.03.2022	To	Period end date 13.03.2023

Section A Receipts and payments	Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £ 26,388 29 - - - - 26,416 - - - 26,416 34,000 - - - - - - - 34,000 - - - 34,000 - 7,584 - 18,313 34,651 8,754	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ - 445 - - - - - 445 984,701 - 984,701 985,145 74,562 6,828 6,099 780 72 - - - - 88,341 902,261 - 902,261 990,602 - 5,457 18,313 27,305 40,161	Total funds to the nearest £ 26,388 473 - - - - - 26,861 984,701 - 984,701 1,011,562 108,562 6,828 6,099 780 72 - - - - 122,341 902,261 - 902,261 1,024,602 - 13,040 - 61,956 48,915	Last year to the nearest £
Investment income	26,388				22,251
Interest	29				27
	-				-
	-				-
	-				-
	-				-
Sub total(Gross income for AR)	26,416				22,278
A2 Asset and investment sales, (see table).
Sale of investments	-				684,506
	-				-
Sub total	-				684,506
Total receipts A3 Payments
					706,784
Grants awarded	34,000				-
Investment managers fees (VAT inclusive)	-				11,036
Trust Administration fees (VAT inclusive)	-				4,867
Independent Examiners fees	-
Bank charges
Accountancyfees	-				630
	-				-
	-				-
	-				-
**Sub total **	34,000				16,533
A4 Asset and investment purchases, (see table)
Investmentpurchases	-				657,030
	-
**Sub total **	-				657,030
Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end
					673,563
	- 7,584		- 5,457	- 13,040	33,221
	- 18,313		18,313	-	-
	34,651		27,305	61,956	28,735
	8,754	-	40,161	48,915	61,956

CCXX R1 accounts (SS)

23/01/2024

1

Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period
Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds	Details Investment portfolio Details Total cash funds (agree balances with receipts and payments account(s)) Capital account Income account Details Details Details Signature	Unrestricted funds Restricted funds to nearest £ to nearest £ - - 8,754 - - - 8,754 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) Endowment - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - Print Name Chris Thurlow on behalf of Ludlow Trust CompanyLimited	Endowment funds to nearest £
			40,161
			-
			-
			40,161
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			-
			-
			Current value (optional)
			1,295,623
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			-
			-
			-
			-
			When due (optional)
			Date of approval
		Chris Thurlow on behalf of Ludlow Trust CompanyLimited

CCXX R2 accounts (SS)

23/01/2024

2

Trustees’ Annual Report for the period

From 14 March 2022 To 13 March 2023

Charity name: Mrs Iris Noreen Setchell Charitable Trust Charity registration number: 1084274

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The objects of the charity are to apply the income and all or such part or parts of the capital at such time or times and in such a manner to or for the benefit of such exclusively charitable objects and purposes in any part of the world as the trustees may in their absolute discretion think fit.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	In furtherance of the charity’s objects for the public benefit the trustees provide grants.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	In determining the charity’s activities, the trustees have had regard to the Charity Commission’s guidance on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:
	SORP reference
Policy on grant making	Para 1.38
Policy on social investment including program related investment	Para 1.38
Contribution made by volunteers	Para 1.38
Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	During the year under review the charity made grant payments to four charities totalling £108,562.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Review of the charity’s financial position at the end of the period	Para 1.21	At the end of the reporting period the charity had free reserves of £8,754 (2022: £34,651). In addition to the free reserves the charity has bank balances of £40,161 (2022: £27,305) and investments valued at £1,295,623 within the expendable endowment fund.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The Trustees pursue a policy of maintaining a free reserve available to be spent in the furtherance of the charity’s objectives as well as covering future needs, opportunities, contingencies and risks.
Amount of reserves held	Para 1.22
Reasons for holding zero reserves	Para 1.22
Details of fund materially in deficit	Para 1.24
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23
Additional information (optional) You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including any fundraising)	Para 1.47
Investment policy and objectives including any social investment policy adopted

Para 1.46 A description of the principal risks facing the charity Para 1.46 Expendable endowment funds are those which are required to be invested to produce Other income but which may be transferred to unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance of the charity’s objectives. Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Trust deed dated 13 March 2000
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Trust
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or bodyentitled	Para 1.25	Trustees are appointed by the existing trustees.

to appoint one or more trustees
Additional information (optional) You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51	No trustee received any remuneration or was reimbursed any expenses in the year under review. Ludlow Trust Company Limited was paid £6,099 for trust administration services during the year under review. These fees are authorized under clause 14 of the trust deed.
Other

Reference and Administrative details

Charity name	Mrs Iris Noreen Setchell Charitable Trust
Other name the charity uses
Registered charity number	1084274
Charity’s principal address	Trustees Department 1stFloor, Tower Wharf Cheese Lane, Bristol BS2 0JJ

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19	Trustee name	Office (if any)	Dates acted if not for whole **year **	Name of person (or body) entitled to appoint trustee (ifany)
	Ludlow Trust CompanyLimited

20

– Corporate trustees names of the directors at the date the report was approved Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year Funds held as custodian trustees on behalf of others Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Funds held as custodian trustees on behalf of others

Additional information (optional)

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address
Investment Managers	Coutts & Co	440 The Strand, London, WC2R 0QS
Bankers	Coutts & Co	440 The Strand, London, WC2R 0QS
Accountants	KJF Accounting Limited	17 Sheringham Avenue, Southgate, London, N14 4UB

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Chris Thurlow on behalf of Ludlow Trust Company Limited Position (eg Secretary, Chair, etc) Date

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to Ihe trusteesl members of Mrs Iris Noreen Setchell Charitable Trust On accounts for the year ended 13" March 2023 Charity no (if any) 1084274 Set out on pag8S 1to2 I report to the trustees on my examination of the accounts of the above charity {"the Trusf) for the year ended 13" March 2023. Responsibilities and As the charity trustees of the Trust, ytjj are ￿spOnSIble for the preparation basis of report of the accounts in accordan￿ with the requifements of the Charities Act 2011 ("the Acv). I report in respect of my examination of the Trust's accounts carried OLrt under section 145 of the 2011 Acl and in carrying out my examination, I have followed the applicable Directions given by the Charily Commission under section 14515)(bl of the Act. I hav8 completed my examination. I confimi that no material matters have come to my attention in connedion with the examination which gives me cause to believe that in. any material rèspect.. accounting records were not kept in a￿Ordan￿ with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I have no ¢oncems and have come across no other matters in connection with the examination to which attention should be drawn in order to enable proper understanding of the accounts to be reached. Signed: Date: lg Name: Mr Keith Fellon Relevant professlonal qualificationls) or body {if any): ACCA Address: KJF A¢counting Ltd, 17 Sheringham Avenue. Southgate, London N14 4UB Section B Disclosure Only complete rf the examiner needs to highlight matters of concem (see CC32, Independent examination of charity accounts: directions and guidan￿ for examiners). IER October 2018

Give here brief details of any items that the examlner wlshes to disclose. IER October 2018

2024-01-23SetchellCTAccounts

Final Audit Report

2024-01-23

Created: 2024-01-23 By: Marta Kurpickaja ([e-mail]) Status: Signed Transaction ID: CBJCHBCAABAAWztWVmkdpQut1RYLJ1yIxPaceZtv1Ijg

"2024-01-23SetchellCTAccounts" History

Document created by Marta Kurpickaja ([e-mail])

2024-01-23 - 3:25:02 PM GMT- IP address: 195.70.87.234

Document emailed to Chris Thurlow ([e-mail]) for signature 2024-01-23 - 3:25:41 PM GMT

Email viewed by Chris Thurlow ([e-mail])

2024-01-23 - 4:09:40 PM GMT- IP address: 104.47.20.254

Document e-signed by Chris Thurlow ([e-mail])

Signature Date: 2024-01-23 - 4:09:57 PM GMT - Time Source: server- IP address: 31.94.4.228

Agreement completed.

2024-01-23 - 4:09:57 PM GMT